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07.01.202506:57 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Platinum Commodity Asset, Tuesday January 07, 2025.

Exchange Rates 07.01.2025 analysis

From what we can see on the 4-hour chart of the Platinum commodity asset, there appears to be an Equal High in the form of a Double Top (yellow circle) in the range of level 963,5 and the appearance of a deviation between the price movement of #PLF and the Stochastic Oscillator indicator which confirms that in the near future #PLF will try to test the Equal High level if this level is successfully broken upwards and successfully closes above that level then Platinum will try to test the 981.0 level as the next target but if on its way to these targets there is suddenly a significant weakening correction especially if it breaks and closes below the 919.6 level then all the strengthening conditions that are currently occurring in the commodity asset will be canceled by themselves.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Arief Makmur,
Analytical expert of InstaSpot
© 2007-2025
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